VOL. XLIV
No. 19
7 May 2001
IRAN
PEDEC And International FirmsReach Impasse Over New Buyback Terms
Iran痴 Petroleum Engineering andDevelopment Company (PEDEC) has claimed recently to be close to agreement withinternational companies for three major buyback contracts, but MEESlearns that talks have effectively reached an impasse. The sticking point isPEDEC痴 insistence that its parent company, the National Iranian Oil Company(NIOC), should be solely in charge of field operations once development is...
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